BENEFITS OF INDUSTRIAL PARKS – A THREEDIMENSIONAL APPROACH

Industrial parks are a significant aspect of India’s higher education development system. This study aimed to examine the relationship of the structural equation model on the benefits of students, staff, and institutions among higher education institutions in Tamil Nadu. This study identified the benefits to students, staff, and institutions from industrial parks in higher education institutions. A structured questionnaire was administered online to gather the data. Primary data were collected from 327 students and academicians of higher education institutions across Tamil Nadu. Exploratory and confirmatory factor analyses were used to identify the adoption and operation of industrial park benefits. These results, which highlight the necessity for an industrial park, are crucial for understanding the role of industrial parks in higher education. Institutional interaction cells ensure that the industrial institute collaboration proceeds smoothly and helps students and academicians benefit.